Here's What the Wells Fargo Earnings Report Means for Investors and Homebuilders

In this segment of The Motley Fool's everything-financials show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Wells Fargo's second-quarter earnings.

Matt and David highlight a slice of optimism for Wells Fargo's mortgage business, and also tell investors what that means for some homebuilders.

Is Wells a winner?
Many investors are terrified about investing in big banking stocks after the crash, but the sector has one notable standout. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that one of the world's greatest investors loves in The Motley Fool's new report. It's free, so click here to access it now.

To follow The Fool's coverage of financial stocks, click here!

You can follow David and Matt on Twitter.

To watch Where the Money Is in its entirety, click here.


Read/Post Comments (1) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 12, 2013, at 6:22 PM, grahamsway wrote:

    Nice presentation.

    Might want to be a bit cautious on the optimistic signs from Wells, especially related to the home builders.

    The buy originations are nicely up but that roughly matches order growth from the homebuilders and both are backward looking.

    The concern is the order rates in the next few quarters when the comps are going to be tougher in the face of a couple of headwinds.

    Everybody realizes the mortgage rate but the increase in prices, where some homebuilders have jacked prices 6% just from deliveries to orders, may be the biggest hindrance.

    This current quarter might be good due to unwise, late-to-the-party buyers but over the next few quarters we'll probably see how much stuff the recovery actually has.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2534962, ~/Articles/ArticleHandler.aspx, 8/22/2014 1:59:27 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement